Benefits of PhD
The PhD level is one of the highest ranks in the educational field. It is usually regarded as the icing of the cake as it offers a stable base enabling the person to direct their career in the correct direction. While the PhD course is getting huge competition from people with Masters Level, there are still numerous benefits that come with this course. Further down are advantages of PhD.
PhD provides an important platform for candidates who are concerned with research. Actually, the linked employment in this particular field is quite overwhelming. Individuals who are looking to pursue a profession in research and teaching at both university and college level should consider getting a PhD. Candidates in the field of business can pursue research and also teach in numerous sectors of specialization such as finance, information systems, economics and accounting among others. Professors with the PhD degree are usually regarded as experts or authorities in their respective areas of study.
2. Great financial benefits
Professors get an average yearly salary of about $100,500. For business professors, the salary paid can be higher than the above amount since they can move elsewhere to make even more money as compared to the amount they make teaching. However, adding the sizeable pay given to business professors with PhDs together with the extra income gotten from consulting fees and other entrepreneurial efforts can outweigh the salary received from only working at a corporate level.
An individual with a PhD has a great range of career choices to select from. For instance, professors with a business PhD can pursue other career options and interests in business. The lessened work scheduled given to professors during the school year usually offers them the chance to get other kinds of work.
The drawback of getting a PhD is that it requires lots of energy and time and it can even result in anxiety or depression.